The California Institute of Technology reported a 3.7% tuition hike for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year nonprofit institution paid $60,864 this year, which is $2,184 higher than the $58,680 charged for the 2021-22 academic year.
Approximately 29% of the undergraduate students at the school are residents of California. Another 58% come from other U.S. states, while international students make up about 14% of the undergraduate body.
Data indicates that 68% of full-time undergraduates who began their studies at the California Institute of Technology in 2022-23 received some form of financial aid. A total of 124 students were awarded grants or scholarships amounting to $7.5 million, and 37 students took out loans exceeding $392,700.
Among all undergraduates, 597 students benefited from grants or scholarships totaling $31.2 million. Additionally, 35 students borrowed $223,226 in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the California Institute of Technology in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 56 | 25% | $430,037 | $7,679 |
| State / local grant or scholarship | 6 | 3% | $48,438 | $8,073 |
| Institutional grants or scholarships | 124 | 55% | $7 million | $56,342 |
| Grant or scholarship aid total | 124 | 55% | $7.5 million | $60,201 |
| Federal student loans | 6 | 3% | $32,266 | $5,378 |
| Other student loans | 34 | 15% | $360,434 | $10,601 |
| Student loan aid | 37 | 17% | $392,700 | $10,614 |
| Total student aid | 153 | 68% | $7.9 million | $51,356 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
